Quote from: jrobi4life on October 13, 2017, 09:22:06 AM

Quote from: Parodium on October 13, 2017, 09:08:38 AM

My predictions are as follows;

2017 Peak = $6,900
2018 Peak = $13,000
2020 Peak = $28,000
2025 Peak = $89,000
2030 Peak = <$200,000

Still hodling.

I think anything past a few years is an eternity in crypto. With the pace of the advances in trading and AI who knows what will be happening in 2025. I will say I think your 2018 prediction is wayyy too low. If we look at just the past year the price of bitcoin has doubled every few months. With the supply limited to only 21 million, it could literally explode just from one big news story or one government or major investment firm launching some major project. I think with BitIndia making bitcoin available to the 2 Billion citizens of India we could see some huge gains. We haven't reached mass adoption yet but we're getting closer to mass awareness and mass curiosity. I think in general we're going to see some CRAZY charts this year and all the conventional wisdom for chart analysis carried over from the stock market or Forex will be almost completely useless

I think bitcoin will likely have more bad news than good news for the coming months. No major retailers have adopted BTC, there are few legal frameworks to support its use as an exchanged currency, and there is a lot of opposition due to the fact it's mostly used for money laundering and drugs purchases. I'd be happy to use BTC for most of my routine purchases if a big company would accept crypto, but that is HIGHLY unlikely to occur within the next couple of years or so. I think my estimates are reasonable, I do not see it breaking $20,000 unless a major corporation embraces it.